When a QuickBooks subscription has lapsed, the user loses access to the software's features, updates, and online services. This can significantly impact a business's accounting operations. Lapsed subscriptions typically occur due to payment issues, like expired credit cards or insufficient funds. To regain access, users need to update their payment information or resolve any outstanding payment issues. Once the subscription is renewed, access to QuickBooks services is restored, ensuring the user can continue with their accounting operations seamlessly.